Gold_Hunters_Club

Gold_Hunters_Club Updated 

Bitcoin (BTC), Ethereum (ETH), and XRP are holding steady above key support levels. The top three cryptocurrencies have weathered the geopolitical tension and macroeconomic events of the past week. Bitcoin collected liquidity at $102,664 on Friday as the Israel-Iran war escalated, with the crypto King consolidating above this support level since then. Meanwhile,...

Gold_Hunters_Club Updated 

Gold price edges higher during the Asian session, though it lacks follow-through buying. Trade uncertainties and rising geopolitical risks underpin the safe-haven precious metal. The Fed’s hawkish pause lifts the USD to over a one-week high and caps the XAU/USD.

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CMCMARKETS:GBPUSD GBP/USD remains on the back foot below 1.3600 in European trading on Tuesday. Markets quiet down ahead of the US Retail Sales report as Middle East tensions linger. Traders also opt to wait for this week's key data/central bank event risks before positioning for the next leg of a directional move.

Gold_Hunters_Club Updated 

Following an early push past the 1.1600 barrier, EUR/USD now seems to have embarked on a consolidative phase around the 1.1580 zone as the NA session draws to a close on Monday. The daily uptick in spot follows the bearish start to the week in the US Dollar amid softer regional data releases, a the wide-spread risk-on mood, and mitigating geopolitical tensions.

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Gold prices maintain its upward trajectory on Friday, reaching its peak level since late April above the $3,400 mark per troy ounce. Furthermore, the precious metal draws increased safe-haven interest amid escalating tensions in the Middle East, triggered by Israel's military action against Iran.

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Gold price sticks to its bullish tone for the third consecutive day on Friday and trades close to its highest level since April 22 through the first half of the European session. Against the backdrop of trade-related uncertainties, a further escalation of geopolitical tensions in the Middle East tempers investors' appetite for riskier assets.

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EUR/USD attracts some dip-buying at the start of a new week, holding firm above 1.1400 in European trading on Monday. The pair capitalizes on renewed US Dollar weakness as traders remain unnerved ahead of the much-awaited US-China trade talks. Eurozone Sentix data will be eyed in the meantime.

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Gold price is battling the $3,300 threshold early Monday amid a bearish start to a critical week. Traders eagerly await the US-China trade talks on Monday and Wednesday’s US consumer inflation data for a fresh trading impetus in Gold price.

Gold_Hunters_Club Updated 

The Japanese Yen attracts sellers for the second straight day in reaction to disappointing domestic data. The optimism over the resumption of US-China trade talks further undermines demand for the safe-haven JPY. The divergent BoJ-Fed expectations should limit JPY losses and cap USD/JPY ahead of the US NFP report.

Gold_Hunters_Club Updated 

Gold price retreats slightly from the daily top and trades with a mild positive bias, above the $3,350 level during the early part of the European session on Friday. The US Dollar gains some positive traction and moves away from its lowest level since April 22 set on Thursday amid repositioning trades ahead of the crucial US NFP report.

Gold_Hunters_Club

Gold price retreats slightly from the daily top and trades with a mild positive bias, above the $3,350 level during the early part of the European session on Friday. The US Dollar gains some positive traction and moves away from its lowest level since April 22 set on Thursday amid repositioning trades ahead of the crucial US NFP report.

Gold_Hunters_Club

Bitcoin price action continues to reflect indecision following its sharp retracement from the all-time high at $112,000. After the surge from $100,700 in mid-May, the bullish momentum stalled, leading to a retracement that has gradually transitioned into a sideways consolidation. This range-bound movement has held for six consecutive days, capped between the...

Gold_Hunters_Club

EUR/USD pair trades with caution, slightly above the key level of 1.1400 in European trading hours on Thursday. The pair will likely remain rangebound, with investors awaiting the European Central Bank's interest rate decision announcement at 12:15 GMT for a fresh directional impetus.

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Gold price attracts fresh sellers in the vicinity of the $3,385 region, or a multi-week high touched on Tuesday and erodes a part of the previous day's modest gains. The downtick is sponsored by a slight US Dollar recovery, which tends to undermine demand for the commodity. However, a combination of factors might continue to act as a tailwind for Gold.

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GBP/USD stays on the front foot above 1.3500 in the European session on Wednesday. The US Dollar stalls the previous recovery, despite trade deal hopes, awaiting the US ADP jobs and ISM Services PMI data for further trading impetus.

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Gold price maintains its offered tone below a four-week top touched earlier this Tuesday though it has managed to rebound slightly from the daily low set during the first half of the European session. The intraday slide is sponsored by the emergence of some US Dollar buying, which tends to undermine demand for the commodity.

Gold_Hunters_Club Updated 

Gold price retains its negative bias through the Asian session on Tuesday though it does lacks bearish conviction. A modest US Dollar bounce, along with a generally positive risk tone, triggers the intraday pullback from a three-week high. However, a combination of factors is holding back traders from placing aggressive bearish bets.

Gold_Hunters_Club Updated 

Gold rallies on the first trading day of June and climbs above $3,350. The precious metal benefits from the risk-averse market atmosphere on a deepening Russia-Ukraine conflict and growing fears over the US and China struggling to reach a trade agreement.